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Directive 2014/50/EU of the European Parliament and of the CouncilShow full title

Directive 2014/50/EU of the European Parliament and of the Council of 16 April 2014 on minimum requirements for enhancing worker mobility between Member States by improving the acquisition and preservation of supplementary pension rights (Text with EEA relevance)

Article 3Definitions

For the purposes of this Directive the following definitions apply:

(a)

’supplementary pension’ means a retirement pension provided for by the rules of a supplementary pension scheme established in accordance with national law and practice;

(b)

’supplementary pension scheme’ means any occupational retirement pension scheme established in accordance with national law and practice and linked to an employment relationship, intended to provide a supplementary pension for employed persons;

(c)

’active scheme members’ means workers whose current employment relationship entitles them or is likely to entitle them, after fulfilling any acquisition conditions, to a supplementary pension in accordance with the provisions of a supplementary pension scheme;

(d)

’waiting period’ means the period of employment, required under national law or by the rules of a supplementary pension scheme or by the employer, before a worker becomes eligible for membership of a scheme;

(e)

’vesting period’ means the period of active membership of a scheme, required under national law or the rules of a supplementary pension scheme, in order to trigger entitlement to the accumulated supplementary pension rights;

(f)

’vested pension rights’ means any entitlement to the accumulated supplementary pension rights after the fulfilment of any acquisition conditions, under the rules of a supplementary pension scheme and, where applicable, under national law;

(g)

’outgoing worker’ means an active scheme member whose current employment relationship terminates for reasons other than becoming eligible for a supplementary pension and who moves between Member States;

(h)

’deferred beneficiary’ means a former active scheme member who has vested pension rights in a supplementary pension scheme and is not yet in receipt of a supplementary pension from that scheme;

(i)

’dormant pension rights’ means vested pension rights retained within the scheme in which they have been accrued by a deferred beneficiary;

(j)

’value of the dormant pension rights’ means the capital value of the pension rights calculated in accordance with national law and practice.